Hey! This is the old a broken mold. Newer stuff is at abrokenmold.net.
That being said, feel free to rummage through the archives over here. Also feel free to leave comments; we're still keeping an eye on this.

I could say it's not as bad as the post title sounds... but... well... it is. I don't claim to be an expert, in fact Matthew took Economics class in high school, whereas I haven't, but in any case, the US economy is starting to bend, or rather snap, under the load of debt. This debt has been blamed on people not being able to pay back housing loans, and lending companies going broke because of it. Lehmanns went bust, but the US government bailed out AIG out with a $85 million loan, I think. They've also bailed out a bunch of other companies, too... to be honest, I'm not quite sure what's happening right now, but I do know huge package (like $700 billion) to support the companies that are going broke is being hashed out in the government.

Sorry.... this post is a little scrambled... but oh well, maybe I can write more and better later... feel free to help out, Matthew. :p


Matthew said...

It really grew into a problem under Reagan's administration. Not to knock the guy too much, but his policies got people into debt.